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Head of Compliance - Dubai
LMAX Group
Dubai, UAE
Full Time
Director
2 weeks ago
Regulatory ComplianceAML/CFTRisk ManagementSCA/CMA RegulationsTransaction MonitoringLeadership
Free
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Regulatory ComplianceAML/CFTRisk Management
About the Role
LMAX Group is seeking a Head of Compliance for its new Dubai office to lead and shape the compliance framework within a dynamic institutional exchange environment.
Key Skills for This Role
Regulatory ComplianceAML/CFTRisk ManagementSCA/CMA RegulationsTransaction MonitoringLeadership
Responsibilities
- Act as the primary point of contact for the Securities and Commodities Authority (SCA/CMA)
- Develop, implement, and maintain the firm's Compliance Manual and internal policies
- Perform final compliance sign off on promotional material and client facing communications
- Lead development and maintenance of comprehensive compliance programs
- Oversee monitoring and reporting of compliance risks
- Manage regulatory filings, audits, and inspections
- Drive continuous professional development initiatives within the team
- Act as the firm's Money Laundering Reporting Officer (MLRO) and oversee AML/CFT framework
- Maintain oversight of goAML portal for STR/SAR submissions
- Provide expert guidance and training to staff on compliance matters
- Ensure effective communication with regulatory bodies and external auditors
- Transaction monitoring for global entities
Requirements
- University degree with minimum 5 years' experience in financial markets or relevant fields, or diploma with at least 10 years' experience
- Alternatively, minimum 5 years' experience in financial markets combined with relevant certifications (e.g., CIA, CPA, ICA Certificate in Compliance)
- Relevant certifications for anti money laundering tasks (e.g., ICA Advanced Certificate in Anti Money Laundering, ACAMS)
- Successful completion of exams on UAE Financial Rules and Regulations and Combating Financial Crime
- Commitment to ongoing Continuous Professional Development (CPDs) in Global Financial Compliance
- Strong leadership, communication, and stakeholder management skills
Full Job Posting
Role Overview
- Joining the Compliance division at LMAX Group's new Dubai office offers a unique opportunity to lead and shape the compliance framework within a dynamic and fast growing institutional exchange environment.
- This role places you at the forefront of regulatory adherence and risk management, working closely with senior leadership to ensure robust compliance practices.
Responsibilities
- Act as the primary point of contact for the Securities and Commodities Authority (SCA/CMA). Manage all regulatory filings, information requests, and supervisory inspections.
- Develop, implement, and maintain the firm's Compliance Manual and internal policies. This includes ensuring all policies are updated to reflect the most recent SCA/CMA circulars.
- Perform the final 'compliance sign off' on all promotional material and client facing communications, ensuring they are fair, clear, and not misleading.
- Lead the development, implementation, and maintenance of comprehensive compliance programs aligned with regulatory requirements and industry best practices
- Oversee the monitoring and reporting of compliance risks, ensuring timely identification and mitigation of potential issues
- Manage regulatory filings, audits, and inspections, ensuring full adherence to UAE financial rules and regulations
- Drive continuous professional development initiatives within the team to maintain up to date knowledge of global financial compliance standards
- Act as the firm's Money Laundering Reporting Officer (MLRO). Oversee the entire AML/CFT framework, including internal controls, risk assessments, and reporting mechanisms.
- Maintain oversight of the goAML portal for the submission of Suspicious Transaction Reports (STRs) and Suspicious Activity Reports (SARs) when necessary.
- Provide expert guidance and training to staff on compliance matters, fostering a culture of compliance awareness across the organization
- Ensure effective communication and liaison with regulatory bodies and external auditors
- Transaction monitoring for global entities
Requirements
- University degree with a minimum of 5 years' experience in financial markets or relevant fields, or a diploma with at least 10 years' experience in similar areas
- Alternatively, a minimum of 5 years' experience in financial markets combined with one or more of the following qualifications: Master Financial Controller, Certified Internal Auditor (CIA), Chartered Development Finance Analyst, Certified Management Accountant (CMA), Certified Public Accountant (CP
- Relevant certifications for anti money laundering tasks such as ICA International Advanced Certificate in Anti Money Laundering, ICA Advanced Certificate in Practical Client Due Diligence, ICA Advanced Certificate in Managing Fraud, ICA Advanced Certificate in Managing Sanctions Risk, ICA Specialist
- Successful completion of exams on UAE Financial Rules and Regulations and Combating Financial Crime
- Commitment to ongoing Continuous Professional Development (CPDs) in Global Financial Compliance
- Strong leadership, communication, and stakeholder management skills
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